A personal injury claim is an authorized document that allows a person to receive compensation for his injuries and damages received in an accident. The claim is filed with the insurance company of the suspect because his negligence caused the injuries. The entire process should be taken care of with the help of an attorney or a law firm such as Moxie Law Group. Since they are well-versed with the state’s personal injury laws, they will be able to assist you in the best possible manner. Certain steps need to be followed to calculate the amount in a personal injury claim:
Calculating compensation
The amount to be compensated depends on several factors such as the place and location of the accident. For instance, you might have received injuries in another state or at your workplace. Next, the extent and nature of the injuries make up the most part of your compensation. If you have hired an attorney, he will work with the insurance company to calculate the amount. They will take into consideration all your injuries, medical reports, bills and damages.
Approval of the amount
Both of them may agree or disagree with the amount of compensation. The lawyer will thoroughly review the claim before filing it for the final claim. However, the lawyer will have to be firm when it comes to negotiation. He has to ensure that you get what you deserve. There is no way he can lower the amount of the compensation. If he can convince the insurance company with his points, the insurance company will clear the amount.
Breaking up the compensation
The amount can be broken down into two categories:
- Economic damages
- Non-economic losses
Economic losses– They are easier to calculate because the medical bills, hospital charges, medicines and doctor’s visits can be considered. Some of the other losses include property damage, income loss due to the accident, loss of future income and out-of-pocket expenses due to the accident. Various documents can be used to calculate this amount.
Non-economic losses- These damages are to be estimated because they are related to the trauma, mental health, pain and suffering, mental anguish and depression of the injured person. The lawyer will work with medical experts to get a fair idea of this amount.
Most insurance companies have medical experts, who can verify the medical reports of the injured person. The insurance company may come up with an offer for the settlement.
